If your student account is in collections and a hold has been placed on your account, it is critical that payments are made as soon as possible. Payment for student accounts with collection holds can be made via the following options:
Canadian bank payments
Students who hold a Canadian bank account can make payments towards undergraduate or graduate accounts online or in-person through your Canadian bank or credit union. Find more guidance on the how to pay your fees page.
International transfer payments
International students have the option of making payments via three vendors: CIBC International StudentPay, Convera for Students or PayMyTuition International. Please refer to the how to pay your fees page for guidance on international payments.
In order to release the hold on your account, any overdue tuition and ancillary fees must be paid in full.
No, you cannot enroll in courses if you have outstanding tuition and fees. A payment plan can be put in place but the outstanding fees must be paid in full for the hold to be lifted.
The university charges a late fee of 1.25 per cent monthly on outstanding amounts.
Fees are due and payable by the start of classes. To determine specific fee due dates, refer to this year’s “Significant Dates” on the Calendars and Student Guide page.
Toronto Metropolitan University does not accept payments in person.
International students making payments via one of the university’s international payment partners have the option of paying by credit card. Please refer to the how to pay your fees page for guidance.
Students who can demonstrate temporary financial hardship may be granted a short payment plan not to exceed one term or four months in length. To discuss your options, contact Collection Services at 416-979-5071 or email@example.com.
Bankruptcy and consumer proposals
Filing for bankruptcy or entering into a consumer proposal to creditors can seem like an easy solution when you’re having trouble paying tuition, but it’s a very serious matter that can impact your credit score and limit future employment opportunities. Before considering these options, we advise you to explore all financial options available to you.
If you’ve filed for bankruptcy or a consumer proposal and wish to continue your education at TMU, you’ll be required to pay tuition and ancillary fees in advance for all courses and programs, no matter which career stream or program you’re enrolled in.
For further information on Bankruptcy and Insolvency please visit the Government of Canada’s Office of the Superintendent of Bankruptcy, external link, opens in new window website.